Net interest margin

Ceylon Graphite to Extend Warrant Exercise Period

Thursday, October 14, 2021 - 9:15pm

VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (Ceylon Graphite) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it has sought the approval of the TSX Venture Exchange to extend the exercise period of an aggregate of 10,500,000 common share purchase warrants (the Warrants).

Key Points: 
  • VANCOUVER, British Columbia, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (Ceylon Graphite) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it has sought the approval of the TSX Venture Exchange to extend the exercise period of an aggregate of 10,500,000 common share purchase warrants (the Warrants).
  • Upon acceptance, the exercise period of the Warrants will be extended by one year from October 16, 2021 to October 16, 2022 and December 6, 2021 to December 6, 2022, respectively.
  • Ceylon Graphite is a public company listed on the TSX Venture Exchange, that is in the business of mining for graphite, and developing and commercializing innovative graphene and graphite applications and products.
  • Ceylon Graphite cautions the reader that the above list of risk factors is not exhaustive.

GOME Retail Enters into a Framework Agreement with GOME Management to Provide Management Services

Monday, October 11, 2021 - 7:03am

HONG KONG, Oct 11, 2021 - (ACN Newswire) - GOME Retail Holdings Limited (HKEX stock code: 493, "GOME" or "the Company", together with its subsidiaries, "the Group") announced today that the Group entered into a Framework Agreement with GOME Management Limited ("GOME Management") which is wholly owned by the controlling shareholder of the Group ("Controlling Shareholder").

Key Points: 
  • HONG KONG, Oct 11, 2021 - (ACN Newswire) - GOME Retail Holdings Limited (HKEX stock code: 493, "GOME" or "the Company", together with its subsidiaries, "the Group") announced today that the Group entered into a Framework Agreement with GOME Management Limited ("GOME Management") which is wholly owned by the controlling shareholder of the Group ("Controlling Shareholder").
  • Based on the above calculation, the maximum aggregate amount of management fees for three years is up to RMB 2.8 billion.
  • In the second phase of "Home Living" Strategy, the Group focuses on the retail and home services industries.
  • In addition, the Framework Agreement is expected to greatly improve the Group's ability to obtain customer traffic at a high efficiency with low cost.

Ceylon Graphite Seeks Approval to Extend Warrant Exercise Period

Friday, October 1, 2021 - 9:20pm

VANCOUVER, British Columbia, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (Ceylon Graphite) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it intends to seek approval of the TSX Venture Exchange to extend the exercise period of an aggregate of 8,000,000 common share purchase warrants (the Warrants).

Key Points: 
  • VANCOUVER, British Columbia, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Ceylon Graphite Corp. (Ceylon Graphite) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) announces that it intends to seek approval of the TSX Venture Exchange to extend the exercise period of an aggregate of 8,000,000 common share purchase warrants (the Warrants).
  • Subject to the approval of the TSX Venture Exchange; Ceylon proposes to extend the exercise period of the Warrants by one year from October 16, 2021 to October 16, 2022.
  • Ceylon Graphite is a public company listed on the TSX Venture Exchange, that is in the business of mining for graphite, and developing and commercializing innovative graphene and graphite applications and products.
  • Ceylon Graphite cautions the reader that the above list of risk factors is not exhaustive.

Mountain Province Diamonds Announces Extension of Revolving Credit Facility, Repayment of Term Loan

Monday, September 27, 2021 - 12:00pm

TORONTO and NEW YORK, Sept. 27, 2021 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTCQX: MPVD) announces the extension of its US$25M Revolving Credit Facility, and the full repayment of its US$35M term loan.

Key Points: 
  • TORONTO and NEW YORK, Sept. 27, 2021 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTCQX: MPVD) announces the extension of its US$25M Revolving Credit Facility, and the full repayment of its US$35M term loan.
  • The extended revolving facility will mature on March 31, 2022 and will support Mountain Province Diamonds' general working capital needs.
  • This payment brings the balance of the term loan to zero ahead of the term loan maturity date of December 31, 2021.
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.

Mountain Province Diamonds Announces Extension of Revolving Credit Facility, Repayment of Term Loan

Monday, September 27, 2021 - 12:00pm

TORONTO and NEW YORK, Sept. 27, 2021 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTCQX: MPVD) announces the extension of its US$25M Revolving Credit Facility, and the full repayment of its US$35M term loan.

Key Points: 
  • TORONTO and NEW YORK, Sept. 27, 2021 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTCQX: MPVD) announces the extension of its US$25M Revolving Credit Facility, and the full repayment of its US$35M term loan.
  • The extended revolving facility will mature on March 31, 2022 and will support Mountain Province Diamonds' general working capital needs.
  • This payment brings the balance of the term loan to zero ahead of the term loan maturity date of December 31, 2021.
  • Under its current note and revolving credit facilities Mountain Province is subject to certain limitations on its ability to pay dividends on common stock.

INSBANK Parent, InsCorp, Inc., Reports 2nd Quarter Earnings Growth

Thursday, July 29, 2021 - 2:10am

Net interest margin improved for the third consecutive quarter, as repricing liabilities drove a decrease in the bank's cost of funding.

Key Points: 
  • Net interest margin improved for the third consecutive quarter, as repricing liabilities drove a decrease in the bank's cost of funding.
  • "Our team made steady progress on both short and long-term goals this quarter," said Jim Rieniets, President and CEO of INSBANK.
  • "Growth, margin enhancement, and reduction in non-performing assets all contributed to a double-digit return for our shareholders."
  • Driven by a variety of on-going technology initiatives, in the second quarter INSBANK also surpassed some of its own peak performance ratios.

First Resource Bank Announces First Quarter Results; Net Income Grew 41% Over The First Quarter Of The Prior Year

Thursday, April 29, 2021 - 1:00pm

"\nNet income for the quarter ended March 31, 2021 was $905,664, which compares to $1,118,435 for the previous quarter and $640,139 for the first quarter of the prior year.\nTotal interest income decreased 6% when comparing the first quarter of 2021 to the fourth quarter of 2020.

Key Points: 
  • "\nNet income for the quarter ended March 31, 2021 was $905,664, which compares to $1,118,435 for the previous quarter and $640,139 for the first quarter of the prior year.\nTotal interest income decreased 6% when comparing the first quarter of 2021 to the fourth quarter of 2020.
  • The net interest margin decreased 10 basis points from 3.69% for the quarter ended December 31, 2020 to 3.59% for the quarter ended March 31, 2021.
  • Non-performing assets consisted of non-performing loans of $382 thousand at March 31, 2021, unchanged from the prior quarter.
  • Non-interest expense increased $129 thousand, or 6%, when comparing the first quarter of 2021 to the first quarter of 2020.

PSB Holding Corp. Reports First Quarter 2021 Results

Wednesday, April 28, 2021 - 7:57pm

Amortized net fees on PPP loans for the first quarter 2021 totaled $667,000.

Key Points: 
  • Amortized net fees on PPP loans for the first quarter 2021 totaled $667,000.
  • Average investment balances increased from $71.58 million during the first quarter 2020 to $142.30 million during the first quarter 2021 with an average yield of 1.21% in first quarter 2021 compared to 2.15% in the first quarter 2020.
  • The net interest margin declined from 3.70% during the first quarter 2020 to 3.42% during the first quarter 2021.
  • The net interest margin, exclusive of amortized net fees on PPP loans, was 3.09% during the first quarter 2021.

1st Colonial Bancorp, Inc. Reports First Quarter 2021 Net Income

Tuesday, April 27, 2021 - 9:05pm

The increase in net interest income was primarily attributable to a 40.5% decline in interest expense.

Key Points: 
  • The increase in net interest income was primarily attributable to a 40.5% decline in interest expense.
  • For the first quarter of 2021, average certificates of deposit balances (\xe2\x80\x9cCD\xe2\x80\x9d) declined $41.0 million from the first quarter of 2020.\nThe net interest margin was 3.12% for the first quarter of 2021 compared to 3.24% for the first quarter of 2020.
  • The decrease in net interest margin was mostly related to lower loan interest income coupled with a reduction in the average yield on interest-earning cash.
  • Net recoveries were $142 thousand for the first quarter of 2021 compared to net charge-offs of $2.4 million for the first quarter of 2020.

Quarterly Profits Increase for INSBANK Parent, InsCorp, Inc.

Thursday, February 4, 2021 - 6:32pm

Quarterly earnings for the Nashville-based lender were up $465,500, or $0.17 per share versus the 3rd quarter, primarily driven by both an increase in net interest margin and a decrease in loan loss provision expense.

Key Points: 
  • Quarterly earnings for the Nashville-based lender were up $465,500, or $0.17 per share versus the 3rd quarter, primarily driven by both an increase in net interest margin and a decrease in loan loss provision expense.
  • The bank's net interest margin improved by 19 basis points over the 3rd quarter, and provision expense decreased by $200,000.
  • In addition to its commercial focused operation, INSBANK operates three divisions, Medquity, TMA Medical Banking and INSBANK Online.
  • The bank is headquartered in Nashville at 2106 Crestmoor Road, and has an office in Brentwood at 5614 Franklin Pike Circle.